407 CASTELLO Avenue Hatboro, PA 19040
MULTI_FAMILY - Other - HATBORO, PA
- Added:
- May 22, 2026
- Days on Market:
- 51
- Last Refresh:
- Jul 11 at 6:06 am
Property Features for 407 CASTELLO Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 6
- Parking features
- Driveway, On Street
- Standard status
- Active Under Contract
- Size
- 3,789 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10495
Utilities
- Heating system
- Central
- Cooling system
- Central Air, Ductless
Building Details
- Year built
- 1938
- Number of units
- 3
- Building materials
- Masonry
- Architectural style
- Other
Listing agent Emily Ann Bartolillo License #RS354497 (267) 718-6714
Listing office RE/MAX Centre Realtors 2701 York Road, Jamison, PA (215) 343-8200
Listing date May 22, 2026
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Key Highlights
- Well‑maintained 1938 masonry triplex with central heating and cooling plus ductless cooling
- Unit B (2nd level) fully renovated: brand new windows, fresh paint, luxury vinyl plank flooring, new full bath, and new appliances
- Unit A (2nd level) fully renovated: brand new windows, luxury vinyl plank flooring, new full bath, new appliances; converted attic as 2nd bedroom and walk‑in closet
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.1k | $22.20 |
| − Vacancy | −$5.5k | −$1.44 |
| EGI | $78.6k | $20.76 |
| − OpEx | −$23.6k | −$6.23 |
| NOI | $55.1k | $14.53 |